VADDX vs. ^SPXEW
Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund (VADDX) and S&P 500 Equal Weighted Index (^SPXEW).
VADDX is managed by Invesco. It was launched on Jul 28, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VADDX or ^SPXEW.
Correlation
The correlation between VADDX and ^SPXEW is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VADDX vs. ^SPXEW - Performance Comparison
Key characteristics
VADDX:
0.78
^SPXEW:
1.35
VADDX:
1.04
^SPXEW:
1.90
VADDX:
1.16
^SPXEW:
1.24
VADDX:
0.62
^SPXEW:
2.10
VADDX:
2.57
^SPXEW:
5.75
VADDX:
4.09%
^SPXEW:
2.73%
VADDX:
13.47%
^SPXEW:
11.64%
VADDX:
-70.42%
^SPXEW:
-60.83%
VADDX:
-9.25%
^SPXEW:
-3.12%
Returns By Period
The year-to-date returns for both stocks are quite close, with VADDX having a 3.61% return and ^SPXEW slightly lower at 3.56%. Over the past 10 years, VADDX has underperformed ^SPXEW with an annualized return of 6.05%, while ^SPXEW has yielded a comparatively higher 8.61% annualized return.
VADDX
3.61%
2.93%
2.26%
9.88%
4.65%
6.05%
^SPXEW
3.56%
2.84%
8.54%
15.66%
9.26%
8.61%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
VADDX vs. ^SPXEW — Risk-Adjusted Performance Rank
VADDX
^SPXEW
VADDX vs. ^SPXEW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equally-Weighted S&P 500 Fund (VADDX) and S&P 500 Equal Weighted Index (^SPXEW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
VADDX vs. ^SPXEW - Drawdown Comparison
The maximum VADDX drawdown since its inception was -70.42%, which is greater than ^SPXEW's maximum drawdown of -60.83%. Use the drawdown chart below to compare losses from any high point for VADDX and ^SPXEW. For additional features, visit the drawdowns tool.
Volatility
VADDX vs. ^SPXEW - Volatility Comparison
The current volatility for Invesco Equally-Weighted S&P 500 Fund (VADDX) is 3.00%, while S&P 500 Equal Weighted Index (^SPXEW) has a volatility of 3.42%. This indicates that VADDX experiences smaller price fluctuations and is considered to be less risky than ^SPXEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.